February 28 2023

Proposed Amendments to IAS 12: International Tax Reform – Pillar Two Model Rules

The German Banking Industry Committee welcomes the IASB's proposed approach of not initially recognising deferred taxes resulting from the OECD minimum taxation, but to make corresponding disclosures in the notes. However, the German Banking Industry considers the disclosure requirements mentioned by the IASB to be clearly too complex and too detailed.


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